Galloo Island Wind Farm “on hold” for at least six months; low price of electricity cited

The Galloo Island Wind project will be familiar to many who have seen what is planned, by the wind industry, for the eastern basin of Lake Ontario (Amherst Island Wind Info has information here).

The 6 month delay suspends the project until after the American Production Tax Credit seems likely to expire - which would probably suspend the project indefinitely.

Watertown Daily Times | Galloo Island Wind Farm “on hold” for at least six months; low price of electricity cited:

Image from Amherst Island Wind Info (here)

The all-time-low price of electricity has put wind energy projects in the U.S. — including the Galloo Island Wind Farm proposed in the town of Houns-field — on hold, according to Galloo’s developer.

“Electrical power prices are currently at an all-time low because of an oversupply of natural gas due to hydro-fracking. This has put wind energy projects on hold generally throughout the country, including the Galloo project,” said Thomas L. Hagner, president of Upstate New York Power Corp., in an email. “The entire U.S. wind energy industry is waiting to see when this turns around.”

The entire article can be read at the Watertown Daily Times: